Madison Square Garden Sports Corp. (NYSE:MSGS) Expected to Post Quarterly Sales of $50.13 Million

Analysts forecast that Madison Square Garden Sports Corp. (NYSE:MSGS) will report $50.13 million in sales for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Madison Square Garden Sports’ earnings. The highest sales estimate is $65.40 million and the lowest is $32.90 million. Madison Square Garden Sports posted sales of $214.78 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 76.7%. The firm is scheduled to issue its next earnings report on Friday, November 13th.

According to Zacks, analysts expect that Madison Square Garden Sports will report full-year sales of $383.54 million for the current fiscal year, with estimates ranging from $296.47 million to $569.50 million. For the next financial year, analysts expect that the company will post sales of $721.50 million, with estimates ranging from $697.60 million to $752.90 million. Zacks’ sales averages are a mean average based on a survey of research firms that follow Madison Square Garden Sports.

Madison Square Garden Sports (NYSE:MSGS) last posted its quarterly earnings results on Friday, August 14th. The company reported ($3.26) earnings per share for the quarter, missing the consensus estimate of ($1.77) by ($1.49). The firm had revenue of ($6.96) million for the quarter, compared to the consensus estimate of $16.47 million. Madison Square Garden Sports had a negative return on equity of 4.21% and a negative net margin of 11.57%.

Shares of MSGS stock traded down $1.93 on Wednesday, hitting $150.48. 225,801 shares of the stock were exchanged, compared to its average volume of 244,115. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.44 and a current ratio of 0.44. The company has a market capitalization of $3.61 billion, a price-to-earnings ratio of -19.75 and a beta of 1.24. Madison Square Garden Sports has a one year low of $142.00 and a one year high of $316.39.

Madison Square Garden Sports Company Profile

Madison Square Garden Sports Corp. operates as a professional sports company. Its portfolio of assets include the New York Knickerbockers of the National Basketball Association (NBA), and the New York Rangers of the National Hockey League; two development league teams, including the Hartford Wolf Pack of the American Hockey League, and the Westchester Knicks of the NBA G League; Knicks Gaming, an esports franchise; and esports teams.

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